Proxima Eight FZE LLC
Business Centre, Sharjah Publishing City Free Zone, Sharjah, United Arab Emirates
Business Centre, Sharjah Publishing City Free Zone, Sharjah, United Arab Emirates
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How a Licensed OTC & Prop Trading Firm Secured a Swiss IBAN via Relio Bank
For proprietary trading firms operating in crypto, securing a compliant Swiss bank account is a critical step to enabling fiat operations. In this case, we helped a licensed OTC and prop trading crypto firm onboard with Relio Bank Switzerland, providing access to a Swiss IBAN, fiat rails, and compliant settlement infrastructure.
UAE
9+ Years of Compliance Expertise
Project Based Delivery
Saudi Arabia
Oman
Bahrain
End-to-End Execution
Hands-on Partnership
Speed + Accuracy
Europe
Our client was a high-frequency proprietary trading company with an internal OTC desk. While licensed and fully operational, the firm faced specific banking challenges:
- Complex wallet infrastructure with multiple liquidity providers
- Crypto-to-fiat settlement volume exceeding traditional bank tolerance
- Need for transparent AML policy, wallet flow mapping, and transaction audit logic
- Requirement for fast fiat conversion to meet OTC settlement timelines
Our Solution
We positioned the client as a structured, risk-mitigated trading business with strong compliance posture:
-
Mapped all wallet structures, custody layers, and withdrawal logic -
Delivered AML and internal compliance documentation aligned with FINMA principles -
Structured use-case narrative focused on OTC execution, not client asset handling -
Provided real settlement cases, flow expectations, and exposure management model -
Liaised directly with Relio onboarding team to align documentation and purpose
Why This Case Is Important
Most OTC and prop trading desks face rejections from banks due to perceived risk or transaction complexity.
This case proves that with the right documentation, wallet transparency, and risk segmentation, Swiss banks like Relio can onboard active trading entities — even with volume and speed demands.
This case proves that with the right documentation, wallet transparency, and risk segmentation, Swiss banks like Relio can onboard active trading entities — even with volume and speed demands.
Why AML Zone?
- Deep crypto compliance expertise→ Our core team consists of experts in AML, CTF, and virtual asset regulation, with years of crypto-specific legal and operational experience.
- Experience with real VARA cases→ We’ve successfully guided VASPs through real MVP and FMP license applications — with practical insights into what VARA expects.
- Clear pricing and deadlines→ Fixed project-based fees, clear deliverables at each step, and realistic timelines for each licensing phase.
- Local + global understanding→ We combine knowledge of UAE and VARA frameworks with global best practices (EU, UK, Cayman, BVI, Estonia, Lithuania)
- End-to-end service→ From preparing your IDQ, risk matrix, and AML manual to structuring your Board and hiring a qualified MLRO — we handle it all.
- Multilingual subtitles
→ Documentation and communication available in English, Russian, and Arabic — seamless support across cultures.
Frequently Asked Questions
Yes, for licensed, transparent entities with clear trading models and AML controls.
Yes, if you provide wallet mapping, AML policy, and clear use-case logic.
Company license, AML policy, wallet structure, trading flow, source of capital.
Typically 4–8 weeks. This case was completed in 5.
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